Czech Central Bank Officials Are “Skeptical” About Adding Bitcoin to Reserve Assets


Jan Kubicek, a member of the Czech National Bank (CNB) board, is "skeptical" about including Bitcoin in the bank's large reserve assets, mainly due to its legal uncertainty and the volatility of digital currencies. Earlier this year, CNB Governor Ales Michl proposed considering Bitcoin, and the bank has begun to analyze the possibility of expanding the asset categories in its reserve investment portfolio. However, CNB Vice Governor Eva Zamrazilova has stated that Bitcoin is not a suitable reserve asset.